Guys, keep in mind that a F30 328i can embarrass an E36 M3 any day of the week. The 328i wouldn't be too much of a slouch against an E46 M3 either. Only when revved out, would the E46 start to pull away. For street driving the 328i would be punchier.

Guys, keep in mind that a F30 328i can embarrass an E36 M3 any day of the week. The 328i wouldn't be too much of a slouch against an E46 M3 either. Only when revved out, would the E46 start to pull away. For street driving the 328i would be punchier.
If you factor in inflation, we're really not doing that bad at all

Agree with all of the above except the highlighted section. Because that depends on whether your income growth matches the inflation rate. And for many "da gung zai" and even some "lou ban", their income can't match inflation .

Agree with all of the above except the highlighted section. Because that depends on whether your income growth matches the inflation rate. And for many "da gung zai" and even some "lou ban", their income can't match inflation .

Agree, increase in income can't catch up with inflation. High Cost of living plus inflation is making it harder and harder to afford these cars.
Seems like Hong Kong isn't really for Hong Kong People anymore, its China's cheap duty free vacation destination.

Agree with all of the above except the highlighted section. Because that depends on whether your income growth matches the inflation rate. And for many "da gung zai" and even some "lou ban", their income can't match inflation .

Agree, increase in income can't catch up with inflation. High Cost of living plus inflation is making it harder and harder to afford these cars.
Seems like Hong Kong isn't really for Hong Kong People anymore, its China's cheap duty free vacation destination.

Totally agree. Hk is not for Hong Kong people anymore. We may be able to go back to Canada but I wonder where hk people can go.

But then, properties in Canada went up a lot these years. A single detach with 2 garages can cost over 1m easily. Just thinking about the property tax and maintenance cost scares me.

I think that's because housing is an essential item while cars are not (well at least not in HK). Everyone needs a roof over their heads but not everyone needs a bimmer.

All this anti-mainland sentiment in HK is rooted in the belief that rich mainlanders are driving up housing prices to the extent that local Hkers can no longer afford housing no matter how hard they work. So if you feel you are working so hard and putting 101% effort into your career in hopes of boosting your income, yet still cannot afford a decent house you feel you deserve, of course one would be angry. There is now a role reversal of sorts. While Hkers used to look down on mainlanders as backward "Ah Chans", now mainlanders look down on HKers as "poor locals".

Plus the fact our dollar is tied to the US dollar which is depreciating so that further eats into our spending power. (That's why I bought quite alot of yuan last year!)

Ultimately, if you think about it, the blame does not lie with mainlanders but our own city. The land policy and HK government reliance on land as primary source of revenue. This is compounded by the fact that HK's economy has yet to develop really strong alternative industries that would wean it's reliance off real estate. This has bedeviled HK since before the handover and remains the key problem. Mainlanders only take advantage of this conundrum to enrich themselves (as have many mega-rich Hkers). So now even many middle-class people, professionals or management folks like ourselves are squeezed dried.

I think that's because housing is an essential item while cars are not (well at least not in HK). Everyone needs a roof over their heads but not everyone needs a bimmer.

All this anti-mainland sentiment in HK is rooted in the belief that rich mainlanders are driving up housing prices to the extent that local Hkers can no longer afford housing no matter how hard they work. So if you feel you are working so hard and putting 101% effort into your career in hopes of boosting your income, yet still cannot afford a decent house you feel you deserve, of course one would be angry. There is now a role reversal of sorts. While Hkers used to look down on mainlanders as backward "Ah Chans", now mainlanders look down on HKers as "poor locals".

Plus the fact our dollar is tied to the US dollar which is depreciating so that further eats into our spending power. (That's why I bought quite alot of yuan last year!)

Ultimately, if you think about it, the blame does not lie with mainlanders but our own city. The land policy and HK government reliance on land as primary source of revenue. This is compounded by the fact that HK's economy has yet to develop really strong alternative industries that would wean it's reliance off real estate. This has bedeviled HK since before the handover and remains the key problem. Mainlanders only take advantage of this conundrum to enrich themselves (as have many mega-rich Hkers). So now even many middle-class people, professionals or management folks like ourselves are squeezed dried.

Agreed with everything you say.

It's sort of sad how things are. But on the other hand, many tycoons did get to where they are today because of the insane housing market. Of course the opposite is true as well.

Time for me to move back to Canada so I can buy an M5 or a C63 and a 4,000 sq ft house. So sad can only afford a shoebox and a +5 yr old 2nd hand car. Sigh

Come on man, I would assume most ppl driving BMW and let alone in this forum be raking in at least HKD1,000,000 annually ( i know its meaningful money but there are many that make more and likewise many that make less than that). Or am I mistaken?

Come on man, I would assume most ppl driving BMW and let alone in this forum be raking in at least HKD1,000,000 annually ( i know its meaningful money but there are many that make more and likewise many that make less than that). Or am I mistaken?

Time for me to move back to Canada so I can buy an M5 or a C63 and a 4,000 sq ft house. So sad can only afford a shoebox and a +5 yr old 2nd hand car. Sigh

Seriously.. hong kong is a mess, everything is overpriced. Only way to survive here is to really "make" it. Amen to the 4,000 sq ft house...
I always wondered what simonlam168 does to own that many cars in HK!

Seriously.. hong kong is a mess, everything is overpriced. Only way to survive here is to really "make" it. Amen to the 4,000 sq ft house...
I always wondered what simonlam168 does to own that many cars in HK!

Someone once reported that HK has the highest number of supercars per capita... looking at the quality of cars on a SMD, like the one at TST 2 weekends ago, I'm not surprised.